Under the legislation on investment, the provision of logistics services qualifies as a conditional business line. The current legal framework applicable to logistics services was enacted in line with the Schedule of Specific Commitments in Services resulting from the negotiations between Vietnam and WTO members.

The Prime Minister has requested the central bank to promptly adopt policies to mobilize idle US dollars from the local population to invest in business and production.

Lifting the cap of foreign ownership in Vietnamese banks was necessary to have more capital for restructuring and improving the competitiveness of the domestic banking sector but this should be done with caution and an elaborate roadmap, said banking experts.

Deputy Prime Minister Trinh Dinh Dung has recently assigned the Ministry of Planning and Investment to collect opinions of ministries, sectors, localities and members of the Steering Committee on draft revisions to Government Decrees 15 and 30 of 2015.

A representative of the State Securities Commission has affirmed that the legal grounds for Vietnamese businesses to list their stocks on foreign stock exchanges were fairly complete.

An official from the Ministry of Finance has said that his ministry was collecting opinions to revise four tax laws with the aim of facilitating the economic restructuring and formulating more reasonable incentive policies.

The Ministry of Industry and Trade has proposed non-imposition of excise tax on locally made auto parts in order to bring the prices of cars, especially assembled ones, more accessible to customers.

The Ministry of Construction has proposed the Government to assign the Ministry of Natural Resources and Environment to study amendments to the land law, especially regulations on classification and mechanism for use of mixed land areas and grant of certificates of land use rights and ownership of houses and other land-attached assets for condotels.

One way for credit institutions to generate revenues is charging interest and fees on loans they provide. On December 30, 2016, the State Bank of Vietnam issued Circular No.39/2016/TT-NHNN regulating lending activities of credit institutions and foreign bank branches which took effect on March 15, 2017. This text sets forth new rules relating to rates of interest and fees in lending activities.

Government Resolution 19 dated February 6, 2017, on improving the business climate and national competitiveness has helped improve the business environment significantly, but there remain shortcomings in its enforcement, especially in terms of specialized inspection in customs sector, heard a recent workshop in HCM City.